News Story

Take-Two revenue jumps 49 percent, Housers renew contract

Fiscal year 2011 for publisher Take-Two is flush with cash thanks to a year-on-year net revenue growth of 49 percent to $1.14 billion; a profit too.

There was no $108.1m loss this fiscal now passed; instead they made $53.8m. Red Dead Redemption has sold 8.5m copies since launch. What's next?

Digital revenue for Take-Two climbed by $102m and even accounted for 15 percent of Q4's net revenue as Red Dead Redemption, Grand Theft Auto, Borderlands and the Sid Meier’s Civilization drove strong sales. Q4 revenue was down overall though from 2010.

NBA 2K11, Top Spin 4, Major League Baseball 2K11, GTA IV: Complete, Red Dead Redemption, and the retail version of Red Dead Redemption: Undead Nightmare all lead Q4’s net revenue this year. The NBA 2K series has now cleared 5 million units sold.

What's happening this fiscal 2012?

Duke Nukem Forever is releasing June 10, Nicktoons MLB is out this summer, The Darkness II October 4th, XCOM sometime this fiscal as is NBA 2K and MLB 2K, while BioShock: Infinite is due this calendar year and Spec Ops: The Line in 2013.

Max Payne 3 and Agent are still very much in development with Rockstar Games but nothing was revealed about them during the investor call. Take-Two are very pleased with Team Bondi's L.A. Noire and expect it to become a major franchise for them.

Rockstar Games keeps Dan and Sam Houser as they renew their contracts with Take-Two. The brothers are the driving force behind the publisher's biggest selling franchises as they write and direct projects they work on.